Sindh records nearly 40-fold rise in third-party insurance policies

November 13, 2026 (MLN): The number of third-party motor insurance policies in Sindh has increased nearly 40-fold in eight months, reaching 452,515, according to the Securities and Exchange Commission of Pakistan (SECP)

The Sindh government made third-party motor insurance mandatory for registered vehicles in March.

The insurance scheme was introduced by the Sindh government with the support of the SECP, which also established a digital repository to enable online verification of third-party insurance policies.

The repository is integrated with the Sindh government's vehicle registration and tax systems, according to the SECP.

Third-party motor insurance covers injury, death or property damage caused to others in the event of an accident. However, it does not cover damage to the policyholder's own vehicle.

Approximately 2.6 million vehicles are registered in Sindh, indicating further potential for increasing insurance coverage, the SECP said.

SECP Chairman Dr. Kabir Ahmed Sidhu said the commission is working to implement mandatory third-party motor insurance in other provinces and extend the coverage across Pakistan.

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